Tuesday, 21 October 2014
Last updated 3 hours ago
Sep 25 2007 | 7:42pm ET
Bear, Stearns & Co. announced today that it has snagged three executives from rival firms in an effort to beef up its global prime brokerage business.
Douglas Stern, a senior managing director and industry veteran, will help manage the prime brokerage sales team focused on the firm’s largest hedge fund relationships, while Joseph Aurilio, a managing director and Ted Post, an associate director, will both focus on new business development.
Stern joins from Morgan Stanley’s prime brokerage unit, where for seven years he was responsible for managing relationships and developing business with some of that firm’s largest clients. He also managed a team responsible for newly launched hedge funds.
Aurilio joins from UBS where he was a technology and electronic trading specialist, working with prospects and existing clients.
Finally, Post joins from Banc of America Securities where he was responsible for selling prime brokerage and equity derivative products to hedge funds and financial institutions.
“These additions to our staff will add terrific value to our franchise and will help us to provide clients with more world-class products and capabilities,” said Louis Lebedin, head of Prime Brokerage Services.
These latest hires in New York come on the heels of three appointments in the U.K. as Bear Stearns attempts to strengthen its prime brokerage franchise globally. Those hires included Paul Brannan, head of prime brokerage, Europe, James Shekerdemian, head of sales for prime brokerage, Europe, and Andrew Jamieson, head of equity finance, Europe.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...